Cypress Semi (CY-2.6%) guides on its Q2 earnings call for Q3 EPS of $0.18 and Q/Q revenue growth of -2% to +2%, well below a consensus of $0.26 and 12% growth. But Cypress, which closed yesterday near its 52-week low thanks to worries about a weak demand outlook, is off only moderately. Rival touchscreen/touchpad controller vendors Atmel (ATML+1.6%) and Synaptics (SYNA+1.3%) are trading higher.